Business / Finance
The Strait of Hormuz closure has cost Europe an extra $142 billion for the same energy it was already buying
Ursula von der Leyen told a Brussels startup summit importing oil and gas means importing “the shocks and crises that come with them."
Crypto Docs Host GitBook Hit by AI Agent Security Breach, Urges Users to Rotate Keys
GitBook says attackers accessed infrastructure credentials in an AI-assisted breach, prompting a shutdown and emergency token resets.
China’s cheap exports are ‘a fact of life,’ Siam Cement Group’s CEO says—so Southeast Asia’s factories need to get bigger
The Thai industrial giant says regional scale, not national scale, is the only way to keep unit costs low enough to compete.
US midterms: Prediction markets favor Democrats in key crypto races
Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff.
Kalshi’s midterm trading tops $1.4 billion as traders bet on a Democratic sweep of Congress
From Texas to Los Angeles, traders are placing their bets. Recent surprises suggest the odds warrant caution.
CFTC Lets Traders Bet on Stocks With Crypto-Style Perpetual Futures
Chairman Michael Selig said “equity perpetual futures” can now trade on CFTC-registered exchanges, extending a crypto-native instrument to traditional stocks.
Grok Bot is growing fast—but Elon Musk says its costs are ‘unsustainably high’ compared to revenue
SpaceX's AI bot has reached 800,000 paid weekly users, but Musk admits the cost of serving them is high relative to revenue.
Hackers behind $6.3bn Binance heist ‘used malware and bogus job interviews’
Firm reveals details about how its cryptocurrency exchange was compromised, saying operation began in JuneThe hackers behind the $6.3bn (£4.7bn) Binance heist used bogus job inter…
The Guardian view on Labour’s growth obsession: a different economics is possible | Editorial
The latest edition of Radical Thinking, the Guardian’s new podcast, should be required listening at a Treasury still stifled by outdated orthodoxiesAs prime ministers have come an…
Brazil's Biggest Bitcoin Exchange Says It Will Refund Users After a $40 Million Hack
Mercado Bitcoin says customers won't pay for a hack that drained tens of millions. Withdrawals on the exchange remain frozen with no restart date.
AI is on the ballot. Data centers are a major political issue in the midterms. But the implications of today’s vote for AI go much further
A Democratic-controlled Congress could mean more regulation and more scrutiny for AI companies, while experts are also watching to see if AI plays a role in election misinformatio…
Primark lacks fizz as it approaches its go-it-alone moment
After a profits dip, the chain’s demerger from its sister food company still makes sense but is unlikely to reveal tons of value Primark brings forward home deliveries plan by two…
Elon Musk’s Tesla and SpaceX Block Their Stock From OKX-ICE Tokenized Venue
Amazon, Tesla, SpaceX, Netflix, Lam Research, and SoFi objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 56.
What’s at stake as Nebraska voters decide whether to legalize online sports betting in the midterms
Sports betting in Nebraska can support its property tax fund—or leave Nebraskans with empty wallets.
Five Ways North Korea Breaks Into Crypto Firms—and How Binance Was Hacked
From AI deepfakes to poisoning code libraries: here's how North Korean hackers get inside crypto companies.
Protect Poundland from predatory capitalism, MPs tell government
Budget retailer and 12,000 jobs at risk after US owner fails to accept buyout offersMPs have called on the government to protect Poundland and other high street stores from “preda…
Epidemic of Hacked Freezers Spreads Across Europe
A suspected hacking wave has pushed supermarket freezers into defrost mode across ten European countries, with temperatures reportedly hitting 50°C. Nobody knows who's behind it o…
Datacentres are deeply unpopular – so the geniuses at OpenAI are rebranding them | Arwa Mahdawi
These resource-guzzling centres drive up utility bills and are hated across the political spectrum. Cue a clunky, but potentially influential, new name for themJesus may have turn…
Justin Sun seeks sanctions against Trump-linked World Liberty Financial over UAE ties
The Tron founder says World Liberty failed to disclose its UAE ties until months into his lawsuit over $45 million in WLFI tokens.
A Democratic Congress could curb the Iran war but not Trump’s tariffs, former ambassador says
The former U.S. ambassador to Vietnam, speaking in Ho Chi Minh City on election day, says tariff power "rests with the executive."
South Korea's president says country needs a ‘cybersecurity czar’ following $6.3 billion Binance hack
Lee Jae Myung said he wants a government-wide agency to tackle cyberattacks as AI raises security concerns across financial institutions and critical infrastructure.
Keeping mortgage interest relief approved
Homeowners can get tax relief of £3,500 on the money spent on the interstate of a mortgage.
Binance traces $6.3B hack to fake job interviews, compromised AI tool
Hackers exploited compromised employee computers and stolen credentials to breach Binance’s wallet infrastructure, according to the exchange’s investigation.
Primark brings forward home deliveries plan by two years after profits slide
Retailer acquires robot-assisted warehouse and intends to have UK service up and running before end of 2027Primark is to begin making home deliveries by the end of next year as it…